C3.ai CFO Lath Hitesh sells $476,238 in inventory

REDWOOD CITY, Calif.—Lath Hitesh, the Chief Monetary Officer of C3.ai, Inc. (NYSE:AI), not too long ago offered a good portion of the corporate’s inventory. In keeping with a current SEC submitting, Hitesh offered 11,339 shares of Class A Widespread Inventory on December 9, 2024, at a value of $42 per share, amounting to a complete transaction worth of $476,238. The sale comes as C3.ai’s inventory has proven outstanding momentum, with a 21% acquire over the previous six months and a market capitalization of roughly $4.9 billion.

Following this transaction, Hitesh retains possession of 851 shares within the firm. The sale was performed underneath a pre-established Rule 10b5-1 buying and selling plan, which permits firm insiders to arrange a predetermined plan for promoting shares in compliance with insider buying and selling legal guidelines. In keeping with InvestingPro information, C3.ai maintains sturdy liquidity with a present ratio of seven.5, although technical indicators counsel the inventory could also be in overbought territory.

C3.ai, Inc., a number one supplier of enterprise AI software program, continues to be a focus for traders, particularly with the lively buying and selling actions by its executives. The corporate has demonstrated strong income progress of twenty-two% within the final twelve months, although InvestingPro evaluation signifies present buying and selling ranges could also be above Honest Worth. For deeper insights, traders can entry 12 extra ProTips and complete monetary evaluation via InvestingPro’s detailed analysis stories.

In different current information, C3 AI has been making important strides within the AI trade. The corporate not too long ago introduced an expanded partnership with Collins Aerospace to develop AI options for the protection and intelligence sectors. This collaboration will make the most of functions from the C3 AI Protection and Intelligence Suite to reinforce operational effectivity and decision-making capabilities. Moreover, C3 AI has entered right into a partnership with IT methods integrator ECS to reinforce the U.S. Military’s intelligence processes, deploying the C3 AI Choice Benefit utility suite.

When it comes to monetary efficiency, C3 AI’s third-quarter earnings exceeded expectations, with income reaching $94.3 million, marking an 8.2% improve quarter-over-quarter. This progress has been attributed to the corporate’s efficiency in each federal and industrial sectors, and potential advantages from its expanded collaboration with Microsoft (NASDAQ:MSFT).

Nonetheless, the corporate’s efficiency has been met with combined analyst rankings. Canaccord Genuity and Piper Sandler have each elevated their value targets for C3.ai, sustaining a Maintain score. Conversely, JPMorgan downgraded the corporate from Impartial to Underweight, citing issues over uneven efficiency and excessive progress prices. These are a few of the current developments regarding C3 AI.

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